(MCG) Q3 2021 Earnings Call Transcript


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 (NYSE:MCG)
Q3 2021 Earnings Call
Nov 17, 2021, 8:30 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Ladies, and gentlemen, thank you for standing by. My name is Emma, your chorus call group operator. Welcome and thanks for joining the Membership Collective Group’s third quarter earnings conference call. At today’s recorded presentation, all participants are in a listen-only mode.

The presentation will be followed by a question-and-answer session. [Operator instructions] I would now like to turn the call over to MCG.

Unknown speaker

Thank you for joining us today to discuss the Membership Collective Group’s third quarter financial results for 2021. Before we begin I’d like to remind everyone that certain statements may be made during this call that are forward-looking. These forward-looking statements are subject to various risks and uncertainties and reflect our current expectations based on our beliefs, assumptions, and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call.

Description of these factors and other risks that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our filings with the SEC. During the call, we also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to, and not as a substitute for, or in isolation from our GAAP results. Reconciliations to the most comparable GAAP measures are available in today’s earnings press release, which is available on the Investor Relations section of our website at www.membershipcollectivegroup.com.

Nick JonesFounder and Chief Executive Officer

I’m Nick Jones, founder and CEO of the MCG and I’m currently in the newly open Soho House Paris which we’re going to give you a quick tour before we do the third quarter earnings presentation. Please, follow me. Assia.

Assia HeinoldGeneral Manager, Soho House Paris

Hey, Nick.

Nick JonesFounder and Chief Executive Officer

How are you?

Assia HeinoldGeneral Manager, Soho House Paris

Good and you?

Nick JonesFounder and Chief Executive Officer

Assia runs the place. She’s the general manager here. [Inaudible] 

Assia HeinoldGeneral Manager, Soho House Paris

So, we have the restaurant and we have our wonderful bar.

Nick JonesFounder and Chief Executive Officer

Hello. How are you? I’m Nick. Nice to meet you. Paul, how are you? 

Paul SambHead of Membership in Communications, Soho House Paris

Good?

Nick JonesFounder and Chief Executive Officer

Very good. Hello, I’m Nick.

Unknown speaker

Nice to meet you. 

Nick JonesFounder and Chief Executive Officer

Paul is the head of membership in communications in Soho House in Paris and is sitting with a new member….



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